STOCKTON, CA-Tom Schaal of Schaal Realty Advisors LLC exclusively revealed to GlobeSt.com that one of Northern California's largest industrial parks has rebranded as NorCal Logistics Center and has hired a new and veteran team of industrial and logistics specialists from Jones Lang LaSalle to manage project leasing and sales.
NorCal Logistics Center is a large-format industrial development of 474 acres with potential for 8.2 million square feet of logistics facilities, distribution space and multi-tenant buildings planned on a build-to-suit and speculative basis. The site is master planned to be one of the largest and most efficient industrial distribution campuses of related uses in the Western US.
Approximately 1.8 million square feet of industrial product has been developed to date, all of which was built before the recession. NorCal Logistics Center is located along Highway 99 off of Arch Road with convenient access to Interstate 5 (south of the City of Stockton).
The industrial development has numerous features that appeal to potential occupiers in the business park, according to Schaal, including status as an Enterprise Zone, a Foreign Trade Zone, a Certified STAA Route—which accommodates the largest trucks serving today's transportation market—and close proximity to rail and marine cargo distribution modules—BNSF Rail and the Port of Stockton, respectively.
The Jones Lang LaSalle team is comprised of Kevin Ahaesy, a senior vice president, Bill Niethammer, a managing director for the region, Bob Taylor, EVP, Jason Ovadia, SVP, and Mike Zimmerman, VP.
In recent years, JLL's Northern California industrial team has completed more than 8 million square feet of leases, in excess of 29 million square feet in building sales and also sold over 3.2 million acres of land. The transactions range from Hayward/Oakland nearest the San Francisco Bay through Livermore, Modesto, Tracy, Stockton and the Central Valley cities of Sacramento, Visalia and Woodland. The team represented Levi Strauss in an 800,000-square-foot lease in Henderson, NV, Whirlpool in a 440,000-square-foot lease in Stockton and also represented Unilever and Hormel in Stockton lease transactions totaling nearly 1.5 million square feet.
GlobeSt.com will update this story later today with more information on Schaal Realty Advisors, and on the property.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
